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aniked [119]
2 years ago
8

An individual's future income potential is directly related to her:

Social Studies
1 answer:
jeyben [28]2 years ago
6 0

Answer:

A: All of the choices are correct

Explanation:

Not only does level of education count, ability to function in a commanding economy and being specialized in the economy will give her the base to get income based off all of these traits.

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A. A recession was occurring at the time

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Joel and Sara are filing Married fling jointly. Their taxable income is $340,000. What is their 2018 income tax? a. $70,179 b. $
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Answer: d. $72,179

Explanation:

For couples filing jointly in 2018, their tax rates are as follows:

10% for $0 to $19,050

12% for $19,051 to $77,400

22% for $77,401 to $165,000  

24% for $165,001 to $315,000

32% for $315,001 to $400,000

But income tax is progressive, so the tax rate only applies to the amount in that bracket above the basic tax. So their first income of $19050 is taxed at 10% and the next  58350 is taxed at 12% and so on.

For a taxable income of 340000 , the applicable tax is as follows:

19050 at 10% = 1905

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